Remote diagnostic platforms to simulate the Ophthalmic Packaging Market at a CAGR of 16.4%

NEW YORK : The ophthalmic packaging market is a rapidly growing industry due to the increasing prevalence of eye diseases and the rising demand for effective packaging solutions to preserve the efficacy of ophthalmic drugs. Ophthalmic packaging refers to the packaging of pharmaceutical products used to treat eye-related disorders, including eye drops, contact lenses, and intraocular lenses.

Market Size and Growth:

Newly-released Ophthalmic Packaging Market analysis report by Persistence Market Research shows that global sales of the Ophthalmic Packaging Market in 2021 were held at US$ 4.2 Bn. With a CAGR of 16.4%, the projected market growth during 2022 – 2032 is expected to be significantly higher than the historical growth. Multi-Dose is expected to be the highest revenue-generating segment, accounting for an expected CAGR rate of 17% during 2022 – 2032.

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Companies

• Amcor plc
• West Pharmaceutical Services
• Gerresheimer AG
• Schott AG
• Aptar Group
• Nolato

Drivers and Restraints:

The ophthalmic packaging market is driven by various factors, such as the increasing prevalence of eye diseases and the rising demand for effective packaging solutions to preserve the efficacy of ophthalmic drugs. Additionally, technological advancements in ophthalmic packaging, such as the development of innovative packaging materials, are also driving market growth. However, the high cost associated with the development of advanced packaging solutions and the stringent regulations related to packaging and labeling are hindering market growth to some extent. Nevertheless, the increasing adoption of sustainable and eco-friendly packaging solutions is expected to create lucrative opportunities for market players in the near future.

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Market Segments Covered in Ophthalmic Packaging Market Analysis

By Dose Type

• Multi Dose
• Single Dose

By Type

• OTC
• Prescription

By Material Type

• Glass
• Plastic
• Other Material Types

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About Us:

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

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